Hospitality renovations can boost your property value as well as attract new customers! Improvements include enhanced market visibility and branding, an ascetically appealing hotel, and entice new guests.
Every property in the hospitality industry will eventually need renovations. Minor updates can breathe new life into a property. Are your guest noticing the worn down carpet, fading paint, outdated furniture, or tattered wallpaper?
On average, hotels who invest in a major facelift can experience a 30 to 50 percent increase in sales or profit, while a minor renovation can see about a 10 percent increase.
Effective Renovations and Updates
A recent study on the financial impact of renovations observed a hotel for six years, three years before renovations, the year during renovations, and two years after. Before renovations the company had a Trip Advisor rating of 3.8, which is among the lowest rates. After an extensive renovation the rate jumped to 4.3, one of the highest rating. The net operating cost increased 33 percent and out paced the competition nearby.
The hospitality business relies on the ability to achieve superior ratings from clients and guests. The guest experience relies on the construction and interior design for their success. Making the decision to upgrade and make renovations is essential for every type of property.
Improve Profits While Reducing Your Carbon Footprint
Environmentally friendly or “Green” updates are more than just a trend, it has become common in the hospitality industry. These practices can significantly reduce operational cost, they are economically more efficient, environmentally responsible, and lessen the building’s carbon footprint. SWET Construction Group ensures energy-efficient designs are implemented during construction or remodeling.
SWET Construction Group specializes in hotel renovations and hospitality rebranding for clients in Southeastern U.S.. Our expertise offers turnkey solutions hospitality companies. With the resources available to strategically align with franchises and multi-sites.
Take the best approach for your hospitality property by contacting SWET Construction Group.